New Nexus

Yesterday, Austrian finance minister Maria Fekter ruffled the unelected Italian PM's feather by saying "forget Spain, Italy is next in the bailout line" - a statement which as expected was promptly loudly refuted, mocked, and scorned by everyone possible: the type of reaction that only the truth can possibly generate in Europe. So far so good: after all the typical European reaction to any instance of the truth is loud screams of "lies, lies" and promptly sticking your head deep in the sand. However, this time around Italy may not have the benefit of the doubt, nor the benefit of some sacrificial replacement of a prime minister: Silvio is long gone, and at this point switching one banker figurehead with another will do precisely nothing. Which is why this morning's assessment from Bloomberg economist David Powell is spot on: "Italy would probably be forced into receiving a bailout if it were to face another two weeks like the last seven days." But the punchline: "The bad news for Italy is the country?s stock of debt is already as large as Spain?s may become after years of fiscal turmoil. In other words, Italy already is where Spain may be heading." http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2012/06/Italy%20Insolvency.jpg ZH

2-year German Government Bond Yield (Schatz) = 0.002% (at 0.01% right now)

ultraburner Wrote: ------------------------------------------------------- > Mind-control chemicals being sprayed upon us from > seven miles up? Seems entirely plausable to me(tu) > and probably one of the most efficient ways I can > think of to administer said chemicals. > > Got any links about lizards or spaceships nn? Again, what part of cloud seeding do you not understand. http://en.wikipedia.org/wiki/Cloud_seeding

Try googleing turn of phrase then google ?drunk on their own hubris? Sorry forgot bot?s don?t think outside of machine code.

Goodbye Greece, hello Spain ? hedgie, hedgie, hedgie. Italy get in line.

And Pow, the triangle is complete with the three biscuit smelling prefects http://xtrvaluedvds.com/images/the-three-stooges-2.bmp Once again drunk on their own hubris

And are these sentiments shared by the rest of the voices in your head.

Phd in psychology and Mind reading ? dude join the circus.

Mountains and molehills come to mind. Ps. Congratulations on your phd in psychology.

Which part of ?Supplied information on cloud seeding. Period.? did you not understand.

Supplied information on cloud seeding. Period. Please feel free to read into that what ever you want.

Imodium could help you with that problem your having i.e. involuntary verbal discharge

I would emulate your bot, but unfortunately I have no yammering sphincter settings.

Why are you conversing with a bot. Don?t you ever get tired of being wrong all the time.

http://en.wikipedia.org/wiki/Cloud_seeding

glad to see I?m pissing off tweedle dee and tweedle dum

Keep taken the blue pill. http://www.bloomberg.com/news/2012-05-09/china-investment-stops-buying-europe-debt-on-crisis-concern-1-.html

Euro and Europe project is on life support but the Electroencephalography (EEG) has flat lined. Person/s unknown at some point will have to pull the plug or events will force collapse, my bets are on the events. U.S. out of control both fiscally and politically, not good when you have food stamp ghettos and lots of guns. U.S. DHS acquiring 450 million rounds of .40 caliber hollow point ammo. U.K. is a big part if not the main player of the Ponzi scheme and money junky thinking; the U.K. will take a big hit when the ponzi collapses.

I am a stranger in these lands, as are we all.

Hey, tweedle dee and tweedle dum, Chillax. Or CIA may fit you with a special pair of underpants.

Please do stop this H, your damaging the bovine excrement meter. http://whatreallyhappened.com/IMAGES/animbovine.gif

Doomed from the start. ?Once A Liar, Always A Liar": The Incredible (Un)Truth About Italy, Greece, And The Birth Of The Euro In response to a request by Germany's SPIEGEL, the German government has, for the first time, released hundreds of pages of documents from 1994 to 1998 on the introduction of the euro and the inclusion of Italy in the euro zone. They include reports from the German embassy in Rome, internal government memos and letters, and hand-written minutes of the chancellor's meetings. The documents prove what was only assumed until now: Italy should never have been accepted into the common currency zone. The decision to invite Rome to join was based almost exclusively on political considerations at the expense of economic criteria. It also created a precedent for a much bigger mistake two years later, namely Greece's acceptance into the euro zone. Many of the euro's problems can be traced to its birth defects. For political reasons, countries were included that weren't ready at the time. Operation "self-deception" began in December 1991, and culminated with a plausibly deniable comment of 'not without the Italians' by Kohl who needed them to bring the French along to the Euro party to ensure his successful re-election. A few weeks before the launch of the common European currency, Stenglin's assessment of the situation took on a dramatic undertone, when he wrote: "The question arises as to whether a country with an extremely high debt ratio doesn't risk gambling away the success of its consolidation efforts to date, thereby harming not only itself, but also the monetary union." It was a prophetic remark. Of course, financial data doesn't play much of a role when it comes to war and peace. Italy became a perfect example of the steadfast belief of politicians that economic development would eventually conform to the visions of national leaders.? ZeroHedge 05/09/2012

Yesterday it was Fitch setting the groundwork. Today the natural escalation has arrived, with a Handelsblatt report that German coalition lawmakers saying they are open to a Greek farewell. To wit: "Politicians of the CDU-FDP coalition will no longer look on the goings on passively. Given the uncertain political situation in Greece are advocating for a withdrawal of the crisis-Mediterranean Heads of State from the euro zone. "We should offer Greece, leaving the euro zone controlled, without withdrawing from the European Union." For now this is merely posturing, as Greek is doing all it can to make it clear it does not need Germany. Of course, Germany has no other choice but to reply the way it has. The only problem is that the Nash equilibrium is now of mutual defection, which is the worst possible outcome for Europe, and even worse for US taxpayers, whose cash via the FRBNY's FX swaps will be used to rescue Europe when the dominoes finally tumble. But at this point, this it is pretty much a given. Zerohedge 05/09/2012

Russian commando?s deployed to Syria March and April. Russia Is Massing troops On Iran?s northern border. That should slow things down for a nanosecond. Watch out Georgia.

El Pibe Wrote: ------------------------------------------------------- > Ooh, is that a picture of some bruised squaddies. > My god, that's irrefutable evidence that the arab > spring is in no way a casused by demographics and > mans yearning for freedom of expression that > actuall;y caught everyone on the hop, but actually > a long planned and nefarious plot by > unprecendented cooperation between the security > services of a number of unspecified countries. > > I hate to get personal, but I think you might be > an idiot. And there it is, your naivety. The picture is of UK SAS, Iraq 2005. There?s your starter for 10